TruAlt Bioenergy bags India’s largest ethanol order for 2024-25 with top OMCs

Bangalore, India, October 29, 2024: TruAlt Bioenergy has secured a landmark contract for ethanol supply with India’s top Oil Marketing Companies (OMCs) under the Ethanol Blending Program for the Ethanol Supply Year (ESY) 2024-25. Representing India’s largest ethanol order to date in the first cycle of the ESY 2024-25 tender, this contract covers an extensive volume of 300 million litters, reinforcing TruAlt Bioenergy’s commitment to supporting the country’s growing fuel requirements and advancing the government’s ethanol-blending objective

In addition to this, TruAlt Bioenergy has secured an order to supply approximately 65 million litters of ethanol to private players. The company will also be catering 50 million litters of Extra Neutral Alcohol (ENA) to various industries, expanding its impact across multiple sectors and reinforcing its commitment to supporting both the energy and industrial markets in India.

As India’s largest ethanol producer, TruAlt Bioenergy will supply ethanol to key locations nationwide, leveraging its robust production capacity of 1.4 million litters per day and a 4.3% market share, all while upholding high industry standards. This milestone reinforces TruAlt Bioenergy’s leadership in the ethanol market and its commitment to advancing India’s renewable energy ambitions.

“TruAlt Bioenergy is committed to working closely with the government as we progress toward higher blending levels, ensuring we remain a consistent and reliable partner in achieving India’s long-term energy security goals. With this latest tender, our aim is to make a significant contribution to the nation’s Ethanol Blended Petrol (EBP) program, not only to meet the 20% blending target but also to support the roadmap beyond this milestone,” said Mr. Vijay Nirani, Founder and MD of TruAlt Bioenergy.

OMCs invited bids for approximately 9.16 billion liters of Denatured Anhydrous Ethanol for blending in ESY 2024-25, aiming to achieve a nationwide ethanol blend of 15%. Over the past decade, the Ethanol Blending Program (EBP) has generated substantial benefits, including ₹1,060.72 billion in foreign exchange savings, a reduction of 544 lakh metric tons in CO₂ emissions, and the substitution of 181 lakh metric tons of crude oil. The program has also brought significant economic gains, with OMCs disbursing ₹1,459.3 billion to distillers and ₹875.58 billion to farmers.